58 / 122
58 |
Southern Corridor GRIP 2017–2026
0
100
60
Send out
non-FID
Storage
40
20
80
%
FID
Actual
Figure 4.12:
Production of shale gas in the USA
6)
0
50
40
20
10
30
60
70
80
90
0
20
15
5
10
25
30
35
40
€
€/MWh
2013
01 02 03 04 05 06 07 08 09 10 11 12 01 02 03 04 05 06 07 08 09 10 11 12 01 02 03 04 05 06 07 08 09 10 11 12 01 02 03 04 05 06 07 08 09 10 11
01 12
2014
2015
2016
Brent crude spot (Euro/bbl, left scale)
NBP day-ahead (Euro/MWh, right scale)
Brent crude spot (Euro/bbl, left scale)
Platts GCI current month (Eur/MWh, right scale)
Spot prices of oil, coal and gas in the EU
Figure 4.13:
Spot prices of Oil, Coal and Gas in the EU
7)
As evidenced by the evolution of prices of coal and gas, shown in Figure 4.13 coal
price has increased significantly during 2016. This, combined with the drop of oil
prices represents an additional reason explaining the continuation, in 2016, of the
increase of LNG demand that started in 2015.
6)
7)
6) Source: USA Energy Information Administration
7) Source EU Quarterly Report on European Gas Markets, 2Q 2013
http://ec.europa.eu/energy/observatory/gas/gas_en.htm